SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wayne Allen who wrote (24)12/13/1996 7:02:00 PM
From: Tom McIlwain   of 751
 
To all concerned:

A few things about this stock have been disturbing me a bit lately. Apart from the continued downward action of the price, I noticed today that there is now a short position of 90,000 shares that is very recent.

I talked to Russel Goodwin today and he says that the deal is basically sitting on the lawyer's desk and that the lawyer will be away until New Year's. Also, things shut down in Chile from mid-December to the New Year. In otherwords, nothing can be expected now until the New Year.

He seemed quite confident that everything was on track and that this was only a delay.

I know that a simple delay like this can cause a sell-off in the shares (sound familiar Merle?), especially at this time of year, so I am willing to hold for the time being.

Can't say I am going to rush in and buy more at this point though. Just not that comfortable with the story yet. For other's with more confidence, this may be a golden opportunity.

Regards,

Tom McIlwain
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext